Free cash flow yield: my primary valuation metric
BRK.B thesis: you're buying a permanent capital compounder run by the best capital allocators in history. Trading at 1.5x book, I think it's reasonable.
48 Comments
The math here is solid. This is what people miss.
Done similar analysis. Your numbers check out.
The math here is solid. This is what people miss.
Appreciate the transparency here. Most people gatekeep this stuff.
Real talk: most people can't stick to this when it gets hard.
The international allocation debate never gets old.
Counterpoint: what happens if rates stay elevated longer?
This is either genius or the most expensive lesson of your life.
The math here is solid. This is what people miss.
The compounding at year 20+ is when it gets really wild.
I've been thinking about this too. What's your time horizon?
Counterintuitively, the best time to buy is when you're most scared.
Counterintuitively, the best time to buy is when you're most scared.
Exactly. The sequence-of-returns issue is severely underappreciated.
This is essentially what a financial advisor charges $5k to tell you.
Be careful about survivorship bias in this analysis.
What's your thoughts on the downside risk here?
I was skeptical at first but this changed my mind.
The psychology of money matters as much as the math.
Been saying this for years. Nice to see it laid out clearly.
Exactly. The sequence-of-returns issue is severely underappreciated.
Love the transparency. This community needs more of this.
The behavioral aspect of investing is so underrated.
Appreciate the transparency here. Most people gatekeep this stuff.
Been saying this for years. Nice to see it laid out clearly.
I respectfully disagree. The data suggests otherwise.
Exactly. The sequence-of-returns issue is severely underappreciated.
Counterintuitively, the best time to buy is when you're most scared.
I was skeptical at first but this changed my mind.
Appreciate the transparency here. Most people gatekeep this stuff.
Curious about the rebalancing approach. Annual or threshold-based?
How does this compare to just buying VTI and forgetting about it?
This is either genius or the most expensive lesson of your life.
FIRE community is the most underrated corner of personal finance.
The behavioral aspect of investing is so underrated.
Appreciate you sharing the L's too. Most people only post wins.
I've been thinking about this too. What's your time horizon?
How did this perform during the 2022 drawdown?
Appreciate you sharing the L's too. Most people only post wins.
Love the transparency. This community needs more of this.
What's your target withdrawal rate in retirement?
The fee math always surprises people when you actually do it out.
This is essentially what a financial advisor charges $5k to tell you.
The math here is solid. This is what people miss.
What brokerage are you using for this?
This is a masterclass. Bookmarked.
Exactly. The sequence-of-returns issue is severely underappreciated.
Counterpoint: what happens if rates stay elevated longer?
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